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Not permitted to deduct mortgage interest from taxes - mortgage v renting?
Old 01-06-2007, 07:08 AM   #1
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It appears that you all offset the interest on your mortgages. In Britain there is no such entitlement.

Would it make a difference to your opinion on the mortgage v renting argument if you could not claim credit for mortgage interest payments in the US?

DH and I are thinking about selling our home at present. main reason we have a lot of equity in it which we could use to invest, also we could rent something similar for £2 - £300.00 per month cheaper.

I just wondered if it would change anyone's opinion on the mortgage v renting argument if you had to pay the interest on a mortgage ?
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